Economic

Romania, exported, in the first ten months of 2019, cereal worth 2.145 billion euro, by 16 pct more as compared to the similar period of last year, shows data centralized by the National Institute of Statistics (INS).On the other hand, imports of cereal and processed cereal-based foods amounted to 325.8 million euro (plus 18.2 pct), resulting in a 1.82 billion euro surplus.Wheat and meslin exports totalled 1.016 billion euro, representing 47.36 pct of ...

In 2018, 156.8 million tonnes of whole milk was processed in the European Union (EU). EU dairies produced 10.3 million tonnes of cheese, as well as 2.4 million tonnes of butter and other fat products (“yellow products”). Together, the production of cheese and butter used two-thirds (67%) of all the whole milk available to dairies.
The EU also produced 30.1 million tonnes of drinking milk (around 17 million tonnes of which was from whole ...

Companies have rented almost 390,000 square meters (sqm) of office space in Bucharest last year, 16% more compared to 2018, reveals a market analysis published on Thursday by real estate consultancy firm JLL.
According to JLL data, the largest office areas in Bucharest were rented in the Central Business District (CBD, 17.4% of total demand), in the central area (15.1%), Center - West (14.9%), North - Expozitiei (14.6%), and Floreasca - Barbu Vacarescu ...

Companies rented about 390,000 sq.m of office space in Bucharest, last year, the highest level recorded in the last 9 years. Compared to 2018, total demand in Bucharest grew by 16%, according to data sent by the consulting company JLL.
Expozitiei area attracted 15% of total demand of office areas recorded last year in Bucharest, thus joining top 5 of favorite areas for companies looking for office space, very close to Center-West area, which recorded ...

The volume of industrial and logistic areas rented in Romania in 2019 amounted to 476,000 sq.m, a value similar to that of 2018, when transactions of 514,000 sq.m were made, according to a press release of real estate consulting company JLL Romania.
Bucharest attracted most demands of industrial and logistic areas in Romania, about 76% (360,000 sq.m), followed by Slatina with 13% (62,000 sq.m).
JLL recorded in semester 1 a ...

The Romanian real estate market is expected to continue displaying robust growth in 2020, but slower than record-setting paces seen in recent years, Colliers International consultants predict. With good potential to generate steady, long-term income, capital appreciation and significant diversification benefits, the real estate segment still offers attractive investment opportunities, especially for investors that can cope with lower liquidity. Last year, ...

Romania's real estate investments went past the 1-billion euro line in 2019, standing 7 percent higher than in 2018, shows data of the research department of the real estate consulting company CBRE Romania.Last year's roughly 1.06 billion euro worth of investments mark a five-year high on the Romanian real estate market."2019 was the year of regional cities as regards office building trading, with Cluj-Napoca attracting investments worth almost 200 ...

The government will continue to fund the Rabla and Rabla Plus programs, which will most likely be resumed in March, said Prime Minister Ludovic Orban.
“They will be financed. Here it is clear that we have to give this impetus, especially to the Romanian producers. The car industry in Romania has a very important percentage of the gross domestic product. This stimulus is needed here to increase, in practice, domestic production. (…) Most ...

Electric vehicle demand is growing fast in the European Union due to supportive environmental policies, big-brand bets and shifting consumer attitudes, according to the latest Deloitte Automotive Consumer Study conducted in ...

The National Road Infrastructure Administration Corporation (CNAIR) lifted the suspension of tender procedure, offer presentation date being February 24
Companies willing to in participate in this public tender procedure can make clarification requests until the mentioned deadline that is 21 days before the presentation of offers.
The estimated value is 909,669,122 lei, without VAT. The contract will last 36 months: 12 months ...

A new airline specialised in charters will operate in Romania starting May this year: Animawings, Pro TV informed.
Orange2Fly Greek airline and Memento Group company (that also owns Christian Tour operator in Romania) are the shareholders of Animawings.
The new airline has two Airbus A320-200 planes, with 180 seats each, which will provide charter flights for ...

Nearly 14.8 million passengers transited, in 2019, the "Henri Coanda" Bucharest International Airport and the "Aurel Vlaicu" Bucharest-Baneasa International Airport, up 6.39 per cent on the previous year's figure, show data released by the National Company Bucharest Airports (CNAB) on Tuesday.Of the total 14,729,894 passengers, 14,707,376 passengers transited the "Henri Coanda" Airport (+ 6.38 per cent compared to 2018), respectively 25,518 passengers were ...

The Government will take a decision by the end of this month on the way the Comarnic-Brasov will be built, PM Ludovic Orban told an interview to HotNews.ro.The premier said the highways will be built with money from the state budget or through EU financing.
Asked if the Comarnic-Brasov motorway could be concluded in five year, the PM said:“Yes, of PNL stays in power. The deadline is also valid for the Sibiu-Pitesti ...

About 885 people in the European Union died and 760 were seriously injured in railway accidents in 2018 (not including suicides), most of them being recorded in Germany, Poland, Hungary and Romania, data released by the European Bureau on Wednesday shows. Statistics (Eurostat).
Between 2010 and 2018, the number of significant railway accidents in the EU fell by close to 25% to 1 721 accidents, 571 fewer than in 2010. A total of 885 persons were killed ...

In 2019, the number of nights spent in tourist accommodation in the European Union (EU) is expected to have reached more than 3.2 billion, up by 2.4% compared with 2018. Since 2009, there has been a steady increase in the number of nights spent in tourist accommodation establishments in the EU, notably driven by a rise in nights spent by non-residents of the country visited.
In 2019, Spain (469 million nights, +0.5% compared with 2018) retained its ...

About a third of Romanians prefer beer, men being the main consumers, while wine ranks second, chosen by one out of five Romanians, followed by cider (15.4%), which is preferred by women, according to a study made by Reveal Marketing Research.
Romanians occupy top positions both for alcohol production and consumption. The 510 million liter of wine produced in 2018 rank Romania 6th in Europe and 13th in the world, while the 1.8 billion liters of beer ...

Sibiu, the only city in Romania with three Michelin stars, the best possible quote offered by this guide, will be promoted in 2020 at tourism fairs in five European countries: Austria, Spain, Germany, the United Kingdom and the Netherlands, according to the County Tourism Association (AJTS).Sibiu County, considered the third travel destination in Romania for foreign tourists in 2019, was already present at the tourism fair in Amsterdam (January 10-11) and is due ...

The Government Decision Draft for the approval of the public service contracts for the 1 January, 2020 - 31 December, 2023 period in public passenger transport services by rail is a disaster for all six companies with Romanian capital, including CFR Passengers, which will be "shattered", says Iulian Manescu, president of the Federation of Locomotive Drivers (FML).According to him, the document does nothing but prepare the ground for the entry into Romania of the ...